XAUUSD:sideways on the pair-10:40 (CET)

By @ibtimes on

The price will try to leave the traffic jam it's been on. The trend is still bullish as it's forming higher lows. If it doesn't, the next goal will be to stay over 1058.7, with target at 1066 dollars per ounce. On the other hand, if the price loses the long trend and the support at 1053, there is potential for a slide to 1043.8 dollars per ounce. On the way, it will meet 1048.8. The Mobile Averages show great indecision and several days of range.

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